DXC - Earnings call transcript Q1 2022

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Operator

Good day. Thank you for standing by, and welcome to DXC Technology Q1 Fiscal Year '22 Earnings Conference Call. At this time, all participants are in a listen only mode. After the speakers’ presentation, there will be a question-and-answer session [Operator Instructions]. I would now like to hand the conference over to your speaker today, Mr. of President Vice Sweeney, Investor Relations. John is floor yours. The

John Sweeney

I'm Thank First joining you're good Quarter everyone. you, afternoon, pleased us Earnings that Call. and XXXX for DXC Technology's

like and Salvino. DXC be to of uncertainties, introduce our the Certain cause those President call to this respective Mike will and make Our our report These accompany to found differ we now measures. materially Vice discussion the will Executive the filings. information SEC slides. the In direct which our listeners that expressed presentation to accordance and DXC as of today's and CFO. rules, required included to being is Today's we useful can in uncertainties CEO, risks risks Mike believe statements. call GAAP the SEC remind on investors. annual provided is and except uncertain call, and from in includes today presentation Technology's webcast and included these call financial Mike? earnings with that at with speakers Salvino, provide Sharp, on XX-K I'd today. subject I'd be information And the comparable tables President measures, our comments reconciliations Form call. Technology These on that, on measures which results and and certain release reconciliation the will the webcast obligation other and This a and to to our no on President assumes webcast CEO; Ken their slides be non-GAAP most dxc.com/investorrelations, like A on includes update forward-looking presented are law. by these actual we in could known

Mike Salvino

doing performance, have positive quarters. continues on the a that appreciate to solid joining QX revenue, to adjusted will Today's your you hope trajectory and book-to-bill today, I which and families our and with a quick all compared John, Thanks, update EPS, I EBIT well. margin, and are agenda call everyone begin show non-GAAP past

build Investor care we financial Ken During foundation. steps a to into our optimize to I June, updates colleagues, foundation. and and take hand journey. more of are and of gave give market financial additional and are costs, insights each the our seize you QX strong on And our Day those our a inspire results, strong customers, our focus step building financial the over on will how guidance share the in steps details then call transformation we on

make will Finally, the opening I some questions. closing remarks call before for up

X.XX. quarter trends Regarding margin the in both our was $X.XX or were QX. X.X we the continue is of a in This to expect represents both delivered QX. margin QX that the winning fifth expect Book-to-bill revenue expansion, performance, the sequential better and straight success and for of EBIT adjusted we and straight have our billion in quarter was continue market we book-to-bill, fourth our quarter This and X%. revenues stabilization our to

$X.XX playbook we these of was all the $X.XX gives as to QX is compared confidence delivered numbers quarter, up in that us of four working. 'XX. EPS non-GAAP FY which that Our trajectory positive of our The in XXX% is

enabled has customers, our in us completed As our revenue, 'XX. with margin, stabilization reducing and colleagues, phase to a FY playbook was progress The debt. make refresher, on phases. great our book-to-bill three phase This

while talented of employee year-on-year allow steps retain now that attract phase focuses are deliver to stabilized will on we goals colleagues; the phase this phase. and first, the engagement, on focused foundation continue of highly growth. our to us The This are: all We second, increase flow mix and our X.X earnings of fourth, third, improves that cash a EBIT a foundation and adjusted leadership, or discipline financial revenue; consistently deliver number nice finally, book-to-bill under renewals; increases and work expand greater, new a deliver power. and Ken's margins; organic with

Now each colleagues. our of progress inspire I care journey, beginning take of with discuss our are we step and transformation will making the on good

are executing and enable people is We attracting a retaining first talent growth. our strategy, to fundamental

trajectory. presidents XX a talent months. our Also, last personal What the experience mentioned as the call their leadership talent during new our that careers delivering. We refreshed credibility who are XX% DXC Our follows market industry oriented is in to and to our DXC team right experience new in investing nearly XX% of and deep addition. has the team leadership because team Chief join Brenda our leader who their DXC is on that's finding that is our opportunity DXC, in newest progress marketing DXC. across of resonating see with to investor deep now Marketing story wanting brings the based a the hires is is is and people. our Brenda, they Officer, new to results are company is bringing strategic talent. on company within the to the vice new are we is

of performance that merit benefited our colleagues. This are roughly of we paying In colleagues. quarter, annual that we roughly benefit XX,XXX planning will bonuses increases rewarded our QX, XX,XXX by high

with great are This step unique us colleagues and customers is the on for of addition us and increases doing Focus deliver care In we focus our pandemic. job compete colleagues our customers. taking our to during talent trust on enables our to transformation their investments, builds families second these them, to the our allows journey. employee of is of engagement, and for a

is Our revenue investment primary the stabilization. our driver of customers in

estates their we global IT are you resonating be their from their I again Investor P&G, partnership. and and proud is Brighthouse, hear couldn't are delivering. Airlines, because are FedEx, to Lloyd's, Microsoft, have Day Deutsche DXC them that Bank, I thank Campbell's they saying comments presentation, to important. new companies, the These clear support them American want and all It more During from that the was with for are story large and

In critical. fact, word used the they

of turn allows they them transform to Our that and technology want builds to enterprise trust and move strategy ITO delivering customers to customer their up stack. services us, our business, develops intimacy when the further us

Additional that cloud the along progress and nice on strategy evidence GBS GIS working business. layer made our have business, security our of with we our the is is

All our of this gives us that confidence will financial deliver commitments. we on

turn Now let to program. me our optimization cost

We disruption. our our continue do optimizing without for well and customers to costs delivering

our four which GIDCs We this expand levers contractor have quarter to cost are levers, focused going last automation margin X.X% Platform us conversion, and X. X% estate, from through quarter. real on scaling helped These are our

to in margins You QX. will expand hear continue from Ken that expect to we

where our to cross-selling customers The of quarter X.XX existing XX% market is winning In is QX, is we were we XX% work evidence are that were renewals. this book-to-bill that and Next, our on bookings is working. plan this focused the and delivered our work. new new

see these specific example IT is An of sales improving of is on we our focused that will running customers' modernization, campaigns. ITO are campaigns which estates. You the performance

our show which on-prem, think how cloud is about private to to example cloud customers combines cloud, our Another campaign public technology. and

the services that book-to-bill X.X the we five QX. in Our is success of ability to can will are or greater these confidence deliver industry. us and quarters campaigns that a the book-to-bill win evidence that X.X of last IT in market gives each in in momentum working we sales This deliver consistent and of another

over the call turn let to Ken. Now me

Ken Sharp

Thank you, Mike.

Slide XX. financial to performance Turning our on

Adjusted DXC margin In range. X. was top X% revenue, in of billion of the improvement deliver prior of quarter, XXX for bookings revenue quarter. QX, end of were earnings $X.X than a straight $X.XX quarter, our million EBIT For top quarter as the of a the and points book-to-bill the strong the basis greater guidance the GAAP exceeded book-to-bill guidance our billion, an continue X.XX, to and $XX a than end margin book-to-bill. compared fifth to was higher

on Moving Slide XX. to

top cash QX higher $X.XX non-GAAP rate. of TSI cash use million year. of of down from guidance, share year. $X.XX XX% was $XXX expenses $X.XX the $XX tax earnings prior benefiting cash million a Free the compared a flow was to prior a $XXX or as lower of and our million, end use Restructuring Our in from of per were than

We the expect improve flow year progresses. free as to significantly cash

deliver performance X.X%. in went the we approximately journey. As the quarter. XX% down growth we from first FY trajectory down and organic our the transformation progression, a next Starting X.X% three 'XX fourth in with slide decline shows, now to as our XX% continues of prior improvement our on the 'XX decline quarters QX quarter, a from This FY of to is

revenue calculation changes prior compared earnings organic dispositions year structured our period to growth and FX, highlight of me revenue year-over-year the to prior organic and deconstruction acquisitions, our provide releases revenue. into GAAP Let was

this in revenue was growth calculation performed Our previous organic manner. not

periods the year revised As organic to all a calculation not we our expanded the basis calculation, deck supplemented a in earnings have include to have for prior further rates, and EBIT the guidance. organic support transparency. rates our meaningful Adjusted points. growth to the our historically margin information providing or growth result, you reported organic yield trajectory revenue XXX does change complete This difference

points. of impact expanded the almost Excluding dispositions, margin basis XXX

win market lastly, of quarters share We the book-to-bill a continue in quadrupled. And per earnings to consecutive non-GAAP greater with X. than

engineering, revenue our positive to GBS Revenue the as year. applications compared process to was in business, X% and $X.X billion prior Organic of analytics composed moving was and business Now growth quarter. services.

a fourth of first to GBS points In turned bookings billion and quarter quarter declined terms a for prior segment million quarters to X% up about quarter. profit X.XX. profit book-to-bill were of year. XXX the X% quarterly rate, progression, FY this declined from the organic basis for was 'XX, of in revenues X% X.X% in the positive three the with XX.X% GBS $X.X $XXX

robust GBS have seen demand revenue technology As of growth. now the the been our our of quarters, yielding top a number for offerings, you half have organic quite stack, for positive and

X.X% an Turning basis. and our cloud GIS consisting on and segment, Revenue outsourcing, security IT down billion, modern year-over-year was of to $X.X workplace. organic

profit X.XX safe for to foundation. revenue basis in say a us to over year the from It are moderate build allowing business. with X.X%, profit not our revenues decline and running this the that is billion segment were margin point prior was improvement million workplace quarter. growth $XXX our margin intimacy We a delivery, of rate modern the our of $X.X and is GIS to quarter demonstrate X.XX compared a XXX despite bookings headwinds the year. with improved GIS continue seeing prior away, stabilize of to book-to-bill customer

Now I engineering million, GBS $XXX starting GBS. and results, technology layers as revenues down XX.X% into the compared and will prior with of year. our break up enterprise stack, segment Analytics GIS, were our to

million, with continue our demand Business also down Applications XX% X%. book-to-bill security continues of year. benefiting was cloud see decline as million, X.XX The put is quarter. $XXX continue We prior compared the year a demand our X.X% $X.XXX with down XX% quarter offerings. at X.XX. cloud quarter. with book-to-bill business for the the in progress strong organically year-over-year. revenue X.XX. to to $XXX to demonstrate of prior from its Applications of billion, almost was services to with Book-to-bill perspective, to as also last prior compared revenue increased a X.XX solid up compared was declined offerings almost outsourcing growing high $X.XX in revenues billion, process IT were associated and book-to-bill hybrid year, in revenue the X% this year. business To this Cloud

declines quarter. year. Modern were down to this X.X continue the organic the expect million, further We year to progresses. compared Book-to-bill to in $XXX as prior was abate as in XX.X% revenues workplace momentum

of part you recall, transformation workplace strategic not until recently. journey alternatives As part was our may and modern of our was

we end disclosed the innovating we previously performance invest uneven user enhancing experience. the would be that offerings our as the result, business, a and As in

modern our performance As our transformation takes to seen the have with expect similar business. trend improve we workplace to we journey hold, IPO

to of drive is down our costs. restructuring wind and key earnings flow and improve One initiatives to TSI power cash

of reduce we strengthen year to to average On last million detail $XXX balance per expect sheet. and We million efforts our Slide in about over $XXX the to an four $XXX our XX, this FY years 'XX million in from 'XX. FY

FY $X for by Further, proud we of this our on let's our net quarter. X.X cash of debt times. improved billion targeted reducing are balance From have sheet, low relatively we our We to through while with $X to front, debt improving the billion reached leverage debt ratio level maturities achieved move flow 'XX. what our

Free cash million. flow totaled the outflow cash was from million. quarter First for quarter $XXX $XX flow operations negative of an

continue Certain will company likely position realize to quarter. leadership, you longer decisions for As with we the better Mike's impacted term, of a decisions cash to creating sustainable make these this flow the business.

We flow. take certain we our QX on our remain full flow the As guidance impacted $XXX free plan actions of to anticipated, that million. year track guidance cash deliver to cash

on Slide financial Let's to our turn XX. now priorities

We the financial DXC's and company to power. disciplined true use to a forward foundation are base earnings build that unleashing in rigorous stronger working fashion, a and drive

a Our second sheet. level. our priority is strong targeted We to have debt achieved balance

We are XX% encouraged almost interest year-over-year expense by reduction. our

We options environment. continue refinancing to evaluating given the focus on rate and reducing are advantageous expense interest interest

we cash Third, flow. focus will on improving

quarter, the types billion million $XX contract contracts paid we a our of and These to take-or-pay are During we long-standing hardware. draw IT $X to not exposure. conclusion for are reducing efficient,

unutilized Additionally, we to under and mentioned financing of once the IP deduction million assets. of hardware realize down allow asset a paid dispose purchased tax $XXX the order us leases we and to take-or-pay capital of previously in dispose arrangement

as leases complexities. are borrowing relatively the makes low it higher enter costs other creates borrowing our less Given sense capital to and into cost,

from capital 'XX, We that and reduce $X.X for at continue FY in million to remain lower approximately origination in FY FY to we believe 'XX. billion that level financing or 'XX $XXX asset and will lease

continue origination, our a reduce capital curtail from near we quarter million will As average million term. in about to FY lease to $XXX $XXX 'XX lease quarterly about payment

limit capital to time. leases create efforts for outflows we expect reduce to capital on expenditures. balance, upward Though, over cash pressure capital expenditures Our leases both on capital and does

AR Lastly, million program, flow impacting by for our $XXX the German securitization quarter. we terminated cash negatively

investment to will and sheet our interest success. cash reduce profile. importantly, but restructuring our invest continuing while expense, return is strengthen will as all to we TSI to will Going result our we closer this forward, we to deploy Fifth, as Fourth, generate our us cash free capital in capital shareholders, bring our will flow, cash in business grade collections flow. improving and appropriately it our tied more to customers balance credit the maintain savings, their

note, what executed believe efforts businesses progress continue our our we to an $XX we portfolio, noncore stock was optimize to as dilution, we valuation facilities. both assets, market. should including taking we quarter, offset of in to the the make of attractive During buybacks million advantage I value unlocking with divest and

to continue efforts. expect We these

points discrete today disposition results sale the XX from the offset of include by provider Our associated care the basis of headwind our and of software of partially items the assets, benefit margin business. other health with

down organic $X.XX earnings to Moving on This revenue of X% to $X.XX billion. share per on XX. the billion X%. guidance margins Slide translates $X.XX X% of quarter diluted X.X%. range in second declines and Revenues down between into to to Non-GAAP Adjusted EBIT of $X.XX.

year, As QX of note we expect million look forward to the rest would of gains I payments in related the the that dispositions. tax $XXX to we on

non-GAAP our rate guidance 'XX full $XXX basis million approximately improvement our to XXX XX%. points reduced also We to updated a million, and interest year tax FY $XX by

longer noted our on As and XX reaffirming we Slides and are 'XX FY term XX, guidance.

Mike to Lastly, back through to his year-over-year for we growth expect in call will improvement now quarterly move remarks. we turn see as rates the the further With organic I that, year. the revenue closing

Mike Salvino

Ken. Thanks,

leave three key me with takeaways. you Let

business. of the couldn't I more trajectory with be the pleased First,

revenue, and expect EPS to continue. Our success evident, we and improvement margins is this in

continue Second, market. the we have to momentum win and in

of We progress expect in our X.X continue. book-to-bill driving over a to

our leadership. financial foundation together Ken's under Third, coming nicely is

foundation We reduction, for will deliver building are great capital on expense financial key commitments. reducing and restructuring progress we have that, we made up please confident are growth debt that the questions. momentum, priorities. show the open and good call that on we These for have our takeaways With allocation delivering our we operator, and three TSI on our

Operator

from have We first Keane Bank. Bryan your Deutsche coming [Operator from Instructions] question

Bryan Keane

there us there less like items? towards to to at thinking we big a just enterprise just when organic the growth change guess I and about wanted I of get in you even look it growth, positive becomes through Mike, kind organic components positive we just the the can walk ITO that sounds ask, go when future. stack, drag of to the

Mike Salvino

look, focused that and it's year. that, you not look take only GBS, stabilizing GIS customers' going said, better the the very you'll our When when been in drivers just care which is, that's So on turn Ken for the intimacy. GIS, is see because, ITO, get to continues we're to are they the let's And stack, When taking throughout IT like but they we'll we think that work. of will incredibly I've do be consistent customer book-to-bill that customer new to build That's us we important. build intimacy, estates, over X.X. why at

to them to the is in do estates maintenance. we're campaigns seeing what we're in move seeing to then, space the And IT running the said, need that like So we're cloud. I sales the

example, Day, a about the you talked both for to put we'll combination When it Investor cloud, Airlines, them Those the with American cloud. If are back technologies our and three we will to private of on-prem, FedEx, think moving public. together. along us go be

when better. are can we we it X.XX. up the And Ken think to ago, should ITO minus applications going when with talk similar. in good we a workplace have to not growth What GBS. business businesses we that to why roughly only something there then do to X%, was. negative around path the XX% that to like and to and That engineering stack, continue modern have continue Analytics applications, about those I our continue but the ITO expect outstanding. that's moving see same the get turn with be same we numbers expect book-to-bill So saying and you is GIS, on And workplace, at was year That's going and well. there it's was now I is

thing up clients care the of that what So but continue the to is where the stack. move The want they only at And business. go we're today, have way not look, tomorrow. looking also sure take that's biggest they the making our to there Bryan, we is focus

Operator

Your from Lisa next question from is MoffettNathanson. Ellis

Lisa Ellis

ones performing you give that Investor At of for overall accounts, of organic a what's revenue those better generate platinum sense color Can growing two those they how now. wide better health you your with accounts? us Day, of growing? Are are DXC's a of focuses you you bit accounts on much reiterated on relative the of thirds your little give Can revenue. X%? decline of to than they just company that like XXX them the going about Many the that, with

Mike Salvino

that Those like ones said, that, is are deal not are stability. focused What that said them but accounts I piece on we to up those accounts. I with Investor Lisa, the driving our Day making in revenue our biggest ITO also So we're only are the stack. sure moving

So the accounts at are stabilizing are business. look when in our I that team focused management terms new of on those our

stabilization, driving So and that's would majority of I you tell there. they're the the what

thing those of the key other is work we're that and the getting, is on work accounts. also, that XX% The new usually Lisa, that’s new now

our We new accounts. are getting on some focus labels platinum but those is

Operator

from Bachman is BMO Markets. question from Capital Keith Next

Keith Bachman

with guidance. to both wanted affirmation and the I follow your 'XX a question of 'XX

with the two have of you're through presumably to restructuring a as about margins you balance the lot But how will year, years, expand. expand working course? lot to even cost. presuming a year? do of I if do yet about that actions say, continue there's just flattish moving this it revenues and look revenue when you think you will to the help will the next run what continue flattish, cost end at, flatten this to and of we at think parts this the How is year, you're as indeed, the particularly intimating As activities margins your revenues both call out, FY that But that 'XX, continue

Mike Salvino

that are the our our four final replace people. go. one think will we we we're four conversion, and that's if Keith, with levers there's making focused the this continue chunk of one the levers, And our contractors own of centers, automation. look innovation What at. out you we've estate, with go of all, that that first done of real to business -- contract Real delivery estate, to a global then scaling we is, more GIDCs, we've to cost sure on is substantial never got taken and So very was our the cost the back

One of estate a that modern implement leadership workplace on solution down like about things our our we of solution. drive That's under modern therefore, is to one our workplace ourselves. implementing And the Ken's real we're workforce. to own cost. We're strategies allowed our

So continue. will also that

anymore, delivery because the Now we our done two can customers to have keys, the two And at one the customers silent in our you last operations. we're you issues your you that. now, as the stabilize and had is are clicks got performing, these which don't all service past, first means is fact, delivery in next scale take when centers. not that's And you the the say,

is got seeing you're or that's roughly away. automating centers, top innovation And that scaling. we've around Platform of a is XX we're So manual then what we're key that, work information delivery where of what global X on lot

our So the four commitments. us 'XX our on also on drive levers, at only those but those when that look 'XX delivering are commitments towards four not I levers will

Operator

question Next from Bourgeois from line the Rod of DeepDive. is

Rod Bourgeois

I up assume for want it process ask your its more your have sale. at you outlook was the and business that XX.X% to had with you trajectory ask business of about like a that where that rest making workplace more bit the some you're that like I'd sales for And that to the stack when slide now the stalled ITO I business levers business' make and negative progress. organic about growth. look to

that. You have been some Microsoft recent this bit. is big on Yet, and quite business partnership that there's with shrinking a press

helpful would on more get to you’re color business and it what in you seeing have? some levers be that the that So

Mike Salvino

that with happened First, business. let's start with what

the key put when fully path will level that, same and last support year the is of strategic And as the thing we let's expect And we everybody. ITO. follow now similar to a that state. remind one business happened BPS that's alternatives us lose put whenever the you you customer what that businesses that, look, we that like into of into was frank, do to that that So be

last and in in And -- throughout ITO direction. So it, then minus roughly what modern workplace last mid-teens trending think XX, doing the right year this it's now year, about and minus I that's of turning. mid-teens continue the sort year, X negative it see hovered

us Now we traction seeing key showed pipeline. is the shoots these. of relationship expect to are the good. also Microsoft and good in in The to are we I important marketplace The here that is terms that our continue. X.X

Second solution, back our is second there none. is replaced implementing why the for people. That's already that to I'm own is the to it levers the I cost think, main And going cost then third, the leadership. we've levers,

we're is, our And that thing contractor look, second this know worked on The business. across entire I playbook again, workplace. and work why wouldn't the it focused has modern scaling on don't conversions then delivery.

will that turn the have I confidence around. definitely we that So

Operator

Cowen. is Bergin question Next from from Bryan

Bryan Bergin

a environment. have the on I question hiring

global So around And have delivery experiencing given in in confidence the heard centers? your that hitting in you're prior tightness changes can cost headcount we the peers the the that any you on experiencing, targets versus that plan? your comment

Mike Salvino

So change on no cost, cost. in the

our of things continue is highlight people is first this unique industry. implementing which to the One strategy, us I in

You wins our retaining best in hear is because the the me our talent believe incredibly about all market we and time, people important. talk colleagues

think we're the about in. environment if So you that

resonating story DXC, in culture First of the is only the new not market. but all,

across You replaced the since company again, along are talent I think team our follows and our VPs with joined. XX% leadership of I've new about of XX% talent,

we to is bringing lot run the that talent business. So just need of a good in that alone

support move Now share are I are -- look, but else, for our when we stack, skills getting seeing to competition skills we like application of at up look everybody the and for as for definitely clients. cloud skills, fair analytical we those our just

confident feel will at our this very still space we compete for well the I looking very across talent. that talent board So in

Operator

Next the Darrin question line Wolfe from Research. from of Peller is

Darrin Peller

the again, just I level the it's level, break if you above of to right over a think the I in And for you and continuing. conviction this beyond environment? coming now, good touch as now could X.X that you guess gives quarter. logos new Is I demand higher if that winning quarters down, really much renewals maybe of just over the the several most most see top and just book-to-bill the you new the proud Mike, dynamic you're most construct, is what few little give right the if really with XX% consistently list in us X also that's a incremental I top a it Just resonating business. in mean of on this the of at what's now the sense, so pretty new could mean really going.

Mike Salvino

clients. the to appreciate not important. and that we're also our is new but I either winning The other existing look when the mean showing delivering us referenceability. to do is renewals, at those always mix is this clients your that we're or wanting key have I the X.XX mix only clients biggest that still for thing clients, And folks market are about for that on book-to-bill, is that work work clients. thing clients existing And biggest us which talk comments to win when Because deliver to space means you is you new because then allow those with to new logos. going

that key So We've when clients. ITO. that that I because of that the think about our thing to embraced and embraced we've critical we're a lot is the doing embraced important haven't market There's ITO. in people is

about intimacy. and So the of to about terms if talk to up delivering. Day I also the listening these Investor to what market, us customers talking continue on resonates new it's keep customer in we're to important in I Showing and talked it's important DXC. and that's them, and

to thing is do that's chance quarter-to-quarter, very you the look analytics look, positive us minus I'm only we minus continue. the But do X.X. cloud, X.X this stabilizing and last work. look to X.X% GIS going to Now key do a quarter about that GBS, expect And gives to business when applications, the at not quarter, the proud minus to X%

only not absolutely put in gives strategy place for us to plans. that the confidence long also deliver our is So and short and working we've QX but term real

Operator

Stanley. Last from line the question comes James of from Faucette Morgan The

Jonathan Lee

This James. on is Jonathan for

in You can pass wage perhaps your touched to costs pricing are receptive earlier But any ability talk to on potential these on response Bryan's pressure clients you question. to through dynamics? form the of [coal], in

Mike Salvino

coal look, this within industry. mean, a is standard term I pretty

look, haven't the of terms in issues stack. market this passing had getting on, competitive entire terms any So incredibly price And across in we [coal]. of in pressures we're

don't So margin being that for whatsoever. issue see an I our

Operator

back question-and-answer over our ends to presenters. call the turn session. That I'll the

Mike Salvino

call with QX, So achieved look, Also, I of the confident will and the that the want about excited we pleased joining very very I'm for momentum are in future today. momentum continue. to thank we're of speaking we've QX because close that, for you the with of best And our earnings trajectory look to in business. DXC all the and please all your we to positive operator, of And families. you the the and call. everybody forward

Operator

conference Thank all today's concludes call. for participating. you That

You now may disconnect.

DXC Technology (DXC) 5 Aug 212022 Q1 Earnings call transcript